Short Interest in GEN Restaurant Group, Inc. (NASDAQ:GENK) Expands By 25.9%

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 139,900 shares, an increase of 25.9% from the June 30th total of 111,100 shares. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GENK. Roth Mkm reiterated a “buy” rating and issued a $14.00 price target (up previously from $10.00) on shares of GEN Restaurant Group in a research note on Wednesday, May 15th. Craig Hallum boosted their target price on shares of GEN Restaurant Group from $10.00 to $13.50 and gave the stock a “buy” rating in a research note on Wednesday, May 15th. Finally, Benchmark reaffirmed a “buy” rating and issued a $14.00 price objective on shares of GEN Restaurant Group in a research note on Thursday, May 16th.

GEN Restaurant Group Trading Up 1.7 %

Shares of GENK traded up $0.13 during mid-day trading on Friday, reaching $7.98. 53,793 shares of the company were exchanged, compared to its average volume of 66,858. The business has a 50 day simple moving average of $9.76 and a two-hundred day simple moving average of $9.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.95. The stock has a market capitalization of $258.54 million and a PE ratio of 44.33. GEN Restaurant Group has a 52 week low of $5.61 and a 52 week high of $20.50.

GEN Restaurant Group (NASDAQ:GENK) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. GEN Restaurant Group had a net margin of 0.44% and a return on equity of 2.32%. The company had revenue of $50.76 million for the quarter, compared to analyst estimates of $47.90 million. On average, analysts predict that GEN Restaurant Group will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Sanders Morris Harris LLC acquired a new stake in shares of GEN Restaurant Group in the 1st quarter worth about $2,628,000. Wasatch Advisors LP boosted its position in shares of GEN Restaurant Group by 23.6% during the fourth quarter. Wasatch Advisors LP now owns 657,738 shares of the company’s stock valued at $5,150,000 after buying an additional 125,542 shares during the last quarter. Skylands Capital LLC grew its position in shares of GEN Restaurant Group by 19.6% during the 2nd quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock valued at $1,598,000 after acquiring an additional 28,960 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of GEN Restaurant Group by 487.8% during the 1st quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock worth $1,922,000 after purchasing an additional 136,578 shares during the last quarter. Institutional investors and hedge funds own 10.22% of the company’s stock.

About GEN Restaurant Group

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. It offers meats, poultry, and seafood. The company was founded in 2011 and is based in Cerritos, California.